Health Care Reform Bill = FISH TRAP
The disingenuous Democrats are trying to create a Fish Trap for the American people. In the name of "helping" the voters, who they evidently believe cannot think for themselves, the lefties are trying to set up a very complex plan that will ensnare everyone in the country in an inescapable funnel of rules, regulations, taxes and penalties that will devolve into a government-run, single-payer health insurance system. Private insurance companies will be driven out of the business (collateral damage to achieve The Greater Good?).
Max Baucus has proposed this latest addition to the inscrutable bill: that health savings accounts be limited to $2,500 a year. These funds are pre-tax, so limiting them limits how much income can be put aside tax-free for health care expenditures. This of course increases tax revenues to the extent that people would otherwise (as they do now) put aside considerably more pre-tax income for medical expenditures.
So instead of the individual putting the tax dollars on amounts over $2,500 towards his own health care expenses, he must relinquish them to the government, which then spends a percentage of the money on administration and then distributes the remainder in the form of paying for the same goods the taxpayer would have bought - health care! However, in addition to the inefficiency of burning up some of the money on administration costs, the remaining funds would probably pay for someone else's health care to boot, an additional insult.
So back to the fish trap. Government grabs tax dollars to pay for the health care program. It forbids taxpayers from paying for their own care out of pre-tax dollars beyond a minimal amount. It wants to mandate what coverage a private insurer must offer while at the same time requiring it to take all comers and undercutting with the government option the premiums private insurers must charge to survive. The government offers its own subsidized coverage. Voila - the private companies are bankrupted as the government underbids them to grab all the business. Classic fish trap. You can only go in one direction. Once such regulations are in place, it will be a steady erosion of private care to extinction.
Max Baucus has proposed this latest addition to the inscrutable bill: that health savings accounts be limited to $2,500 a year. These funds are pre-tax, so limiting them limits how much income can be put aside tax-free for health care expenditures. This of course increases tax revenues to the extent that people would otherwise (as they do now) put aside considerably more pre-tax income for medical expenditures.
So instead of the individual putting the tax dollars on amounts over $2,500 towards his own health care expenses, he must relinquish them to the government, which then spends a percentage of the money on administration and then distributes the remainder in the form of paying for the same goods the taxpayer would have bought - health care! However, in addition to the inefficiency of burning up some of the money on administration costs, the remaining funds would probably pay for someone else's health care to boot, an additional insult.
So back to the fish trap. Government grabs tax dollars to pay for the health care program. It forbids taxpayers from paying for their own care out of pre-tax dollars beyond a minimal amount. It wants to mandate what coverage a private insurer must offer while at the same time requiring it to take all comers and undercutting with the government option the premiums private insurers must charge to survive. The government offers its own subsidized coverage. Voila - the private companies are bankrupted as the government underbids them to grab all the business. Classic fish trap. You can only go in one direction. Once such regulations are in place, it will be a steady erosion of private care to extinction.
posted by alison @ 3:35 PM
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